ACRES Commercial Realty (ACR) News Today

$13.14
-0.41 (-3.03%)
(As of 05/17/2024 ET)
ACRES Commercial Realty Corp. (NYSE:ACR) Sees Large Increase in Short Interest
ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 66,000 shares, an increase of 140.0% from the April 15th total of 27,500 shares. Approximately 1.0% of the company's shares are short sold. Based on an average trading volume of 28,600 shares, the short-interest ratio is presently 2.3 days.
Amazon buys 16 acres in Farmington
ACRES Commercial Realty (NYSE:ACR) Announces Earnings Results
ACRES Commercial Realty (NYSE:ACR - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.25). The firm had revenue of $18.77 million for the quarter, compared to the consensus estimate of $13.00 million. ACRES Commercial Realty had a net margin of 24.57% and a return on equity of 8.41%. During the same period last year, the company posted $0.42 earnings per share.
JMP Securities Boosts ACRES Commercial Realty (NYSE:ACR) Price Target to $15.50
JMP Securities upped their price objective on shares of ACRES Commercial Realty from $14.00 to $15.50 and gave the company a "market outperform" rating in a report on Tuesday.
ACRES Commercial Realty Corp. (NYSE:ACR) Sees Large Growth in Short Interest
ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 27,500 shares, an increase of 52.8% from the March 31st total of 18,000 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is currently 0.9 days.
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This page (NYSE:ACR) was last updated on 5/19/2024 by MarketBeat.com Staff

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